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by anonporridge 1159 days ago
Retiree wealth mining is the next great gold rush!

One interesting scheme I recently came across is an assisted living home that doesn't take regular payments. Instead, they have their residents sign over their entire net worth at the event of their death, leaving nothing for their inheritors. The tradeoff is that they get to stay for as long as they live. Of course, this scheme has some obvious perverse incentives for the operators of the home.

2 comments

Those are some terrifying perverse incentives, jeez
As long as they don't name the home Tontine
Is there a minimum net worth to get accepted?